Previous Close | 1.3900 |
Open | 0.0000 |
Bid | 1.3450 x N/A |
Ask | 0.0000 x N/A |
Day's Range | 1.3900 - 1.3900 |
52 Week Range | 1.1800 - 1.5500 |
Volume | |
Avg. Volume | 24,605 |
Market Cap | 131.505M |
Beta (5Y Monthly) | 0.62 |
PE Ratio (TTM) | 15.44 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
FRANKFURT (Reuters) -Siemens Energy's wind turbine division Siemens Gamesa is planning to cut 4,100 jobs, or around 15% of its workforce, the unit's Chief Executive Jochen Eickholt said in an internal letter to staff seen by Reuters on Tuesday. A spokesperson for Siemens Energy said the company would announce the number of jobs affected once consultations with all stakeholders are completed, declining to comment further. The job cuts plan, which was first reported by Spanish newspaper El Correo, comes shortly after Siemens Energy fleshed out major restructuring moves at Siemens Gamesa, also flagging that this would include staff reductions.
The designated boss of Siemens Energy's troubled wind turbine division will review whether onshore product cycles should be longer, suggesting that current development time may be too short. Short product cycles and the limited testing and rushed development that they entail have been cited as key reasons for why Siemens Gamesa's newest onshore turbines have been hit by quality issues, causing the group's biggest crisis to date last year. "Typically, when you talk about offshore wind platforms, these are generally speaking five- to seven-year journeys to develop," said Vinod Philip, who replaces Jochen Eickholt as Siemens Gamesa's CEO from Aug. 1.
Siemens Energy announced an overhaul of its struggling wind power division on May 8, unveiling plans for a new CEO for its wind turbine business and also saying job cuts […]